beIN Sports, an affiliate of Al Jazeera, has completed the acquisition of Turkish satellite network Digiturk. The fee is reported to be in the region of $1.5 billion (€1.35bn).

Digiturk, which has broadcasting rights for Turkey’s top football league until the end of the 2016-2017 season, is 53 per cent owned by Turkey’s Cukurova Holding and 47 per cent owned by U.S. private equity group Providence Equity Partners.

In a statement, beIN Media Group said: “The acquisition of Digiturk is in line with our goal to keep expanding in markets with potential for significant growth. Our entry into the Turkish market is a natural step for the beIN Media Group. We aim to develop the Digiturk platform and the Türk pay-TV as well as the sports market.”

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Categories: Articles, Broadcast, Business, DTH/Satellite, M&A, Pay TV